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Gifts of Life Insurance

"I have always admired what Terry Fox accomplished and stood for. When the opportunity to make a significant gift presented itself through a Gift of Life Insurance, I carefully considered the benefit of supporting Terry's foundation through this type of legacy gift and made my decision.

I am happy to say that my gift will help many future generations overcome their battles with cancer, while continuing to support Terry's dream to ultimately find a cure for cancer".

ML - Toronto, Ontario

One powerful way to make an impact in the fight against cancer is by donating a Life Insurance Policy to the Terry Fox Foundation. For some donors, a gift of life insurance may be a preferred method to craft their legacy gift, as the amount donated may be many times greater than the premiums paid. Donating a life insurance policy provides the opportunity to make a substantial contribution while providing you or your estate with potentially significant tax benefits.

A donor may choose to name The Terry Fox Foundation as beneficiary of the policy, or as owner and beneficiary of the policy.

If the Foundation is named beneficiary, a deferred tax benefit is realized when a tax receipt is issued to the estate upon the donor's passing.
If the Foundation is named as owner and beneficiary of the policy, the donor receives a tax receipt(s) for the premiums, as they are paid.

The Foundation encourages donors to consult with their financial and legal advisors to determine the best way to make a gift - then please call us! Please contact our National Office at 604 701-0246 or email to learn more about how you can add your legacy to Terry's with a gift of life insurance.

For more information, please download our Gift of Life Insurance brochure.